Topsham, Sagadahoc County, Maine Property Taxes

Name: Property Tax Bills Across Topsham, Sagadahoc County, Maine
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Topsham, ME effective property tax rate: 1.36%, significantly higher than the national median of 1.02%, but lower than the Maine state median of 1.57%.
Median Topsham, ME home value: $333,550
Median annual Topsham, ME tax bill: $4,541, $2,141 higher than the national median property tax bill of $2,400.

How are property taxes in Sagadahoc calculated?

Property taxes in Topsham, ME are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Topsham’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Topsham, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Topsham, Sagadahoc County, Maine Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.36%

Estimate Property Tax Bill

$4,536

$4,210

Ownwell’s Topsham Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Topsham with just two data points. By entering your property's estimated assessed value, our calculator applies Topsham’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Sagadahoc County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Topsham, Sagadahoc County, Maine

Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Topsham’s effective property tax rate to other cities in Maine and the median property tax rates in Maine and the U.S.

In Topsham, located in Sagadahoc County, the property tax rate is 1.36%, which is notably higher than the national median of 1.02%. This rate reflects the county’s budgetary needs and the total assessed value of properties within its boundaries. The property tax rates in Maine can fluctuate, with Topsham representing one of the areas with a higher tax rate. Understanding these rates is crucial for property owners looking to manage their tax liabilities effectively. By appealing or seeking exemptions, residents might find opportunities to reduce their property tax burden and achieve more favorable financial outcomes.

Property Tax Rates Across Topsham, Sagadahoc County, Maine

Source: Ownwell

0.88%

1.42%

1.95%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Topsham Tax Rate

1.36%

Median Effective Sagadahoc County Tax Rate

1.54%

Median Effective Maine Tax Rate

1.57%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Topsham, Sagadahoc County, Maine

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
04086	1.36%	1.36%	1.36%	1.36%	1.36%

Source: Ownwell

Property Tax Assessment Values Across Topsham, Sagadahoc County, Maine

When examining property taxes in Topsham, ME, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Sagadahoc County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Sagadahoc County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Topsham. For example, the median home price in Topsham is $333,550, with tax bills ranging significantly across the county. Zip code 04086 has the highest median home price at $333,550.

Property Tax Assessment Values Across Topsham, Sagadahoc County, Maine

Source: Ownwell

$138,800

$236,175

$333,550

Median Topsham Market Value

$333,550

Median Sagadahoc County Market Value

$236,900

Median Maine Market Value

$204,200

Median United States Market Value

$235,294

Property Tax Assessment Values Across Topsham, Sagadahoc County, Maine

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
04086	$110,900	$261,725	$333,550	$422,575	$557,250

Source: Ownwell

Property Tax Bills Across Topsham, Sagadahoc County, Maine

In Topsham, located in Sagadahoc County, ME, property tax bills are calculated based on the assessed value of a home. The local government determines this value, reflecting the market value of the property. Homeowners in Topsham face a median property tax bill of $4,541, significantly higher than the national median of $2,400. This is due to the higher-than-average property tax rate in the area. Factors such as location, property size, and improvements are considered when assessing the value, which in turn affects the tax bill. For instance, a median home priced at $333,550 would generate a substantial tax bill, impacting homeowners' finances. However, there is potential for savings. Ownwell offers property tax appeal services, helping homeowners challenge their assessments. By reviewing property valuations and identifying discrepancies, Ownwell can assist in reducing tax liabilities, offering homeowners in Topsham a chance to lower their financial burden and achieve significant savings on their property tax bills.

Property Tax Bills Across Topsham, Sagadahoc County, Maine

Source: Ownwell

$2,463

$3,502

$4,541

Median Topsham Tax Bill

$4,541

Median Sagadahoc County Tax Bill

$3,525

Median Maine Tax Bill

$3,200

Median United States Tax Bill

$2,400

Property Tax Bills Across Topsham, Sagadahoc County, Maine

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
04086	$1,563	$3,563	$4,541	$5,750	$7,576

Source: Ownwell